Cbre Group Stock Price, News & Analysis

ENGIE North America has formed a strategic partnership with CBRE Investment Management for a significant 2.4 GW battery storage portfolio across Texas and California. The portfolio encompasses 31 operational projects in ERCOT and CAISO territories, marking one of the largest battery storage financing transactions in the sector. ENGIE will maintain a controlling stake while continuing to operate and manage the assets.

This partnership represents one of ENGIE's largest operating portfolio partnerships in the U.S., showcasing the company's substantial presence in North America with over 11 GW of renewable production and battery storage in operation or construction. The transaction aligns with ENGIE's strategy of capital recycling while expanding its partnership base with globally recognized investors.

CBRE Group has announced the pricing of $1.1 billion in senior notes offerings, comprising $600 million in 4.800% notes due 2030 and $500 million in 5.500% notes due 2035. The 2030 notes are priced at 99.065% of face value, while the 2035 notes are set at 99.549% of face value.

The notes will be issued by CBRE Services and are fully guaranteed by CBRE Group. The offering is expected to settle on May 12, 2025, with estimated net proceeds of $1,082.9 million after expenses. The company plans to use these funds to:

• Redeem 4.875% senior notes due 2026
• Repay commercial paper program borrowings
• Fund general corporate purposes

The offering is being managed by Wells Fargo Securities, BofA Securities, J.P. Morgan Securities, and NatWest Markets Securities. CBRE Group, headquartered in Dallas, maintains its position as the world's largest commercial real estate services and investment firm based on 2024 revenue.

CBRE Group (NYSE:CBRE) reported strong Q1 2025 financial results with significant growth across key metrics. Revenue increased 12% to $8.9 billion, while net revenue rose 15% to $5.1 billion. The company's GAAP EPS grew 32% to $0.54, and Core EPS increased 10% to $0.86.

Notable performance highlights include:

• GAAP net income up 29% to $163 million
• Core EBITDA increased 27% to $540 million
• Repurchased nearly $600 million worth of shares since year-end 2024
• Generated over $1.6 billion net cash flow from operations (trailing 12-month)

The company established two new business segments in January 2025: Building Operations & Experience and Project Management. Global leasing revenue increased 18%, with US leasing revenue up 24%. However, management noted increased uncertainty due to the tariff situation, despite current activity levels and new business pipelines remaining strong.

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) has announced its Section 19(a) notice for April 2025. The Fund currently offers an annualized distribution rate of 12.59% based on the closing price of $11.91 and 11.23% based on NAV of $13.36 as of April 7, 2025.

The Fund's performance metrics as of March 31, 2025 show an average annual total return of -0.70% since inception (10/27/2021), with a cumulative total return of 6.54% for the fiscal period. The current monthly distribution includes 100% return of capital ($0.1250 per share), while the fiscal YTD distributions comprise 44% from net investment income, 14% from short-term capital gains, 6% from long-term capital gains, and 36% from return of capital.

CBRE Global Real Estate Income Fund (NYSE: IGR) has announced monthly distributions of $0.06 per share for April, May, and June 2025, totaling $0.18 per share. The fund's current annualized distribution rate is 16.6% based on both the closing market price of $4.35 and NAV of $4.33 as of April 8, 2025.

The fund's distribution sources for January-June 2025 period are estimated as: 12% from net investment income and 88% from return of capital. The Fund's Cumulative Total Return for Q1 2025 was 2.35%, with an Average Annual Total Return of 8.56% for the five-year period ending March 31, 2025.

The portfolio management team will host an online webinar on May 15, 2025, at 4:00 p.m. ET to discuss portfolio updates and market outlook.

Shorenstein Investment Advisors has begun capital improvements at 14th & Spring, a 324,000-square-foot Class A office tower in Midtown Atlanta. The renovation project, scheduled for completion in Q3 2025, includes a complete lobby repositioning, first-floor amenities, and 28,500 square feet of speculative suites.

Key improvements include a renovated lobby with new security features, five spec suites ranging from 2,352 to 7,379 square feet, and new amenities such as an onsite café, bar, fitness center, and executive conference center. The property has already secured 100,000 square feet in leases since Shorenstein's acquisition in July 2024, including law firm Cushing, Morris, Armbruster, & Montgomery, LLP and HNTB

The 12-story building, constructed in 2022, is strategically located at 1150 Spring St. NW, offering quick access to I-75/85 and within walking distance to numerous Midtown amenities.

CBRE Group (NYSE: CBRE) has announced a restructuring of its business segments effective January 1, 2025. The company has posted recast historical financial information for its new four-segment structure on its Investor Relations website.

Key changes include:

• Combining project management business with Turner & Townsend subsidiary
• Acquiring remaining equity interest in Industrious, a premium flexible workplace solutions provider
• Establishing a new Building Operations & Experience segment

The four new business segments are: (1) Advisory Services, (2) Building Operations & Experience, (3) Project Management, and (4) Real Estate Investments. The recast financial information covers the years 2022-2024. CBRE, headquartered in Dallas, remains the world's largest commercial real estate services and investment firm with over 140,000 employees serving clients in more than 100 countries.